Salary after Taxes? (Hope: apartment, rent, credit card)
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I'm relocating from the UK to NYC for my work. I've been offered a salary of $97k before taxes. What I've been trying to work out is how much I would actually take home?
Can anybody tell me how much it is roughly after taxes? I would be working and living in Manhattan.
With my job I get medical, dental and vision plans, so I don't think I need to account for that?
I'm moving in 2 months and I have a place to stay for up to 12 months (if I need to) I will be paying $2000pm for it. Whilst I'm there I'd like to save up some cash so I can rent my own place. I'll be working on 5th av, between w45 & w49.
[quote=Kefir King;24465006]I'm guessing you'll take home about around 60K after Federal, State, City, and Employment taxes...SS, and Medicare.
(Very quick extimate on my part.)[/QUOTE
Thanks
So that's around $5k a month roughly? Going by 60/12.
I will be paying $100 for my plans so this is my budget for the first 6 months at least:
Net pay - $5000 roughly
$2000 - rent
$250 - towards bills (cable/utilities/in unit laundry/Internet)
$300 - food (eating out occasionally, cooking for myself at home) realistic?
$1000 - savings
So that brings me to $3550 which would leave me $1450 on the assumption of $5k.
I don't need a metro card as I'm going to be living near to work so I will walk to work, and plus it will be good exercise so no gym membership needed.
I plan to save for 6 months at least which should give me 6k to begin apartment searching.
Hopefully this is a good breakdown and financial plan, what do you guys think?
Forget the guessing and estimating of people who probably don't really know ! Use a paycheck calculator and enter all of the pertinent information for your specific situation.It will do the calculations.
Forget the guessing and estimating of people who probably don't really know ! Use a paycheck calculator and enter all of the pertinent information for your specific situation.It will do the calculations.
Get a metro card, it is only $104 a month and it will come in handy, besides you will get in plenty of exercise with the amount of walking and stair climbing you will be doing.
Get a metro card, it is only $104 a month and it will come in handy, besides you will get in plenty of exercise with the amount of walking and stair climbing you will be doing.
For people who don't do a daily commute on the MTA, it can be much more cost effective to get the pay-per-ride. It really depends on how much the person rides. My advice is to start out with the $50 pay-per-ride card, pay with a credit card and keep receipts. Do this for a few months to see how often you are buying the cards, and if it seems more effective to switch to the monthly, then make the switch. There may be other ways of figuring it out that are more scientific, but that's essentially what I did.
The question facing commuters with every fare increase arises again: are you better off with an unlimited MetroCard or a pay-by-the-ride one?
Here’s the quick answer: with the 30-day unlimited card, you now need to take 50 rides per 30 days for it to be a better deal, or about 7 rides above and beyond the five-day-a-week back-and-forth commute — up from 46 rides per 30 days under the old fares.
With a 7-day unlimited card, the break-even point is still 14 rides per week.
Here’s the breakdown: (click the link above)
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